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9 Things You Should Know About New GST Rates

In 23rd GST council meeting on 10th Nov, the GST rate slab went through a major overhaul based on the recommendations of sub-committee. The new GST rate slab would come into effect from 15th November. Tax rates have been slashed for over 200 items. Here are the nine things you need to know about new GST rates:

Photo Credit : Shutterstock

178 daily use items have been shifted to 18% from 28% tax slab making them cheaper. The items include Chewing gum, Chocolates, Oral hygiene products, Shaving products, Fireworks, Particle board, Wool, Ceramic-wares, Glass mirrors, Razors, Storage water heaters, Construction-related marbles, and Granite